ECON 116 Economics for LawyersMEF UniversityDegree Programs LawGeneral Information For StudentsDiploma SupplementErasmus Policy Statement
Law
Bachelor Length of the Programme: 4 Number of Credits: 240 TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF: Level 6

Ders Genel Tanıtım Bilgileri

School/Faculty/Institute Faculty of Law
Course Code ECON 116
Course Title in English Economics for Lawyers
Course Title in Turkish Hukukçular için İktisat
Language of Instruction EN
Type of Course Lecture
Level of Course Introductory
Semester
Contact Hours per Week
Lecture: 2 Recitation: Lab: Other:
Estimated Student Workload 100 hours per semester
Number of Credits 4 ECTS
Grading Mode Standard Letter Grade
Pre-requisites None
Expected Prior Knowledge None
Co-requisites None
Registration Restrictions Only Undergraduate Students
Overall Educational Objective Students will learn the economic system and obtain profound skills to analyze economic situations which are relevant for lawyer’s professional practice.
Course Description The course introduces to basic concepts of economics. The course content begins with the analyses of market mechanisms, which are perceived as the elementary organization form of the economy. Subsequently, the role of governmental policies and regulations are incorporated into the analyses. Firm behavior and the organization of the industry are described in further details. Long-run and short-run dynamics of macroeconomic variables are investigated. The analyzed theoretical concepts are critically reviewed by the help of empirical data. The course ends with applications of presented methods on selected special topics.
Course Description in Turkish Bu ders ekonominin temel kavramlarını tanıtmaktadır. Ders içeriği ekonominin temel organizasyon biçimi olarak algılanan piyasa mekanizmalarının analizleriyle başlayacaktır. Daha sonra, hükümet politikalarının ve düzenliliklerin rolü analizlere dahil edilecektir. Firma davranışları ve endüstrinin organizasyonu daha ayrıntılı olarak açıklanacaktır. Makroekonomik değişkenlerin uzun vadeli ve kısa vadeli dinamikleri araştırılacaktır. Analiz edilen teorik kavramlar ampirik veriler yardımıyla eleştirel olarak incelenecektir. Ders, seçilen özel konular hakkında sunulan yöntemlerin uygulanmasıyla sona erecektir.

Course Learning Outcomes and Competences

Upon successful completion of the course, the learner is expected to be able to:
1) The course objective aims to help to understand the world, in which we live, from the viewpoint of economists.

2) Create connections between economic situations and legal issues
3) A further objective is to give the students essentials tools to analyze economic situations and conditions once they participate in the economy.

4) The final objective is to use profound tools for better understanding of both, the potentials and the limits of economic policy
Program Learning Outcomes/Course Learning Outcomes 1 2 3 4
1) The ability to recognize and apply basic principles and theories of law, legal methodology, and interpretation methods.
2) The ability to follow, evaluate, interpret and apply the current developments and legislative amendments.
3) The ability to locate and use legal resources; to follow and evaluate current legislative amendments, legal science, and court decisions.
4) The ability to internalize social, scientific and ethical values while evaluating legal information.
5) The ability to recognize, examine and resolve legal issues with respect to general principles of law, de lege feranda and de lege lata; to take into consideration both national and international aspects of law; and to acknowledge the importance of personal conviction while making decisions.
6) The ability to critically analyze legal disputes, legislation, court decisions and different views in the legal science; to form his/her own opinions; to detect legal lacuna and suggest alternative solutions.
7) The ability to understand issues regarding different fields of law; to characterize and propose solutions to complex issues arising from legal practice.
8) The ability to participate in and organize legal projects and activities as a socially responsible individual; to put his/her legal knowledge and skill to use efficiently (in the public or private sector).
9) The ability to use a foreign language at least on a B2 Level on the European Language Portfolio, to follow legal developments and communicate with colleagues in that language; to use computer software and information and communication technologies necessary in the law field at an Advanced Level of the European Computer Driving License.
10) Adoption of a positive approach to the concept of lifelong learning.
11) The ability to understand the development, evolution, and problems of the society and to contribute to the solution of these problems by legal methods.
12) The ability to understand the structure, organization, and functioning of law on the national and international level; to contribute to the development thereof.

Relation to Program Outcomes and Competences

N None S Supportive H Highly Related
     
Program Outcomes and Competences Level Assessed by
1) The ability to recognize and apply basic principles and theories of law, legal methodology, and interpretation methods. N
2) The ability to follow, evaluate, interpret and apply the current developments and legislative amendments. N
3) The ability to locate and use legal resources; to follow and evaluate current legislative amendments, legal science, and court decisions. N
4) The ability to internalize social, scientific and ethical values while evaluating legal information. N
5) The ability to recognize, examine and resolve legal issues with respect to general principles of law, de lege feranda and de lege lata; to take into consideration both national and international aspects of law; and to acknowledge the importance of personal conviction while making decisions. N
6) The ability to critically analyze legal disputes, legislation, court decisions and different views in the legal science; to form his/her own opinions; to detect legal lacuna and suggest alternative solutions. N
7) The ability to understand issues regarding different fields of law; to characterize and propose solutions to complex issues arising from legal practice. S
8) The ability to participate in and organize legal projects and activities as a socially responsible individual; to put his/her legal knowledge and skill to use efficiently (in the public or private sector). N
9) The ability to use a foreign language at least on a B2 Level on the European Language Portfolio, to follow legal developments and communicate with colleagues in that language; to use computer software and information and communication technologies necessary in the law field at an Advanced Level of the European Computer Driving License. S
10) Adoption of a positive approach to the concept of lifelong learning. N
11) The ability to understand the development, evolution, and problems of the society and to contribute to the solution of these problems by legal methods. N
12) The ability to understand the structure, organization, and functioning of law on the national and international level; to contribute to the development thereof. N
Prepared by and Date FAİK ÇELİK , November 2021
Course Coordinator FAİK ÇELİK
Semester
Name of Instructor Assoc. Prof. Dr. FAİK ÇELİK

Course Contents

Week Subject
1) Introduction and Principles
2) Trade and Market Mechanisms
3) Elasticity, Market Mechanisms and Government Policies

4) Markets and Welfare

5) Economics of the Public Sector

6) Firm Behavior and Industrial Organization

7) Economics and Information

8) Midterm Exam
9) Data and Empirical Evidence

10) Production, Growth, Saving and Investments

11) Financial Economics
12) Monetary System

13) Short-Run Economic Fluctuations
14) Applications –International Economics and Macroeconomic Policy

15) Summary
16) Final exam
Required/Recommended ReadingsN. Gregory Mankiw. “Essentials of Economics”, South-Western Cengage Learning, (latest edition). Frank, Bernanke. “Principles of Economics”, McGraw-Hill, (latest edition). Supplementary Books:
Tim Harford, “The Undercover Economist”, Random House Trade Paperbacks, (latest edition). Miller, Benjamin, North. “The Economics of Public Issues”, Pearson Series in Economics, 18th Edition, Paperback, (latest edition).
Teaching MethodsThe course will be constituted as an interactive lecture, making use of presentation slides, student working groups, excel sheets, classroom experiments, and multimedia materials. Student are encouraged to work in groups of 2-3 persons to understand the presented lecture topics. In accordance with the teaching concept of the “Flipped Classroom”, students are expected to participate interactively in classroom applications, discussions, and working groups.
Homework and Projects
Laboratory Work
Computer Use
Other Activities
Assessment Methods
Assessment Tools Count Weight
Midterm(s) 1 % 40
Final Examination 1 % 60
TOTAL % 100
Course Administration celikf@mef.edu.tr

ECTS Student Workload Estimation

Activity No/Weeks Hours Calculation
No/Weeks per Semester Preparing for the Activity Spent in the Activity Itself Completing the Activity Requirements
Course Hours 14 2 2 1 70
Midterm(s) 1 10 2 12
Final Examination 1 16 2 18
Total Workload 100
Total Workload/25 4.0
ECTS 4